The Lawrence and Lamphear Corporation

Analysis

The Lawrence and Lamphear Corporation is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Lawrence and Lamphear Corporation reported income of $58k and spending of $53k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $62k to $58k (-6.9%), an average of -1.8% a year. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Lawrence and Lamphear Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Meals on Wheels of Wilton Inc ($58k), Copper Basin Crisis Center ($58k) and Sacramento Valley Korean American Community ($58k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $15k. At year end it held assets of $93k against liabilities of $7,678, net assets of $85k.